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The MeidasTouch Podcast

Sen. Elizabeth Warren on Evidence of Trump’s Stock Manipulation

13 Apr 2025

Description

MeidasTouch host Ben Meiselas reports on growing evidence of potential market manipulation by Trump and Meiselas interviews Democratic Senator Elizabeth Warren. For more Meidas, join us on Substack at MeidasPlus.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcription

Full Episode

0.149 - 28.188 Ben Meiselas

We continue to look into whether or not stock manipulation was at play when at 9.07 a.m. in the morning earlier this week, Donald Trump posted, this is a great time to buy DJT, which also happens to be the stock symbol for Trump media. Then after saying that there was not going to be any pauses on these tariffs against the world, he then in a few hours later announced that

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28.368 - 41.02 Ben Meiselas

that there would be a pause, kind of. The announcement was misleading. The tariffs against China went up. Then when you focus on the global tariff rate, it's still actually a blended rate of about 25% when you factor in all of the other tariffs.

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41.04 - 53.372 Ben Meiselas

But then you started to see videos like this emerge of Donald Trump in the Oval Office with his billionaire buddies talking about how rich they got that day. And he's like, you got $2.5 billion. You got $900 million. Here, let's play this clip.

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54.292 - 59.276 Senator Sheldon Whitehouse

He made $4.5 billion today and he made $900 million.

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60.216 - 80.471 Ben Meiselas

Also, when you look at the markets, you can kind of identify a very strange kind of surge in the Dow before Trump made the announcement. It's an odd looking spike right there. You see it spikes right before the 1 p.m. announcement, then the announcement happens and it spikes. So is that a cohort of people who may have known about it? Then these

80.871 - 104.135 Ben Meiselas

uh, exchange traded funds like spy and a triple Q and TQQQ that trade alongside some of the exchanges also had very strange activity right before Trump made this announcement. Lots of people saying lots of MAGA Republicans also saying now's the time to buy, you know, the person who knows the most about this stuff, both before being a Senator and her work in the Senate is Senator Elizabeth Warren.

104.555 - 124.702 Ben Meiselas

I want to get your take on this Senator, what you've made of all of this. Um, since that's occurred, what you've evaluated. And even on a day like Friday, you've got Trump still dangling things. Oh, I may wanna call Xi Jinping, I may not. And all of these things are impacting the markets with volatility we haven't seen before.

125.623 - 155.845 Senator Sheldon Whitehouse

So you put it together exactly right. What you've got is somebody who is able to move the markets, who clearly wants to make money off this, wants to admire friends who made money off this. And now the question is, ooh, who had information just a little bit ahead of the public announcement? Did they or did their friends and family get that information and trade on it?

156.246 - 165.23 Senator Sheldon Whitehouse

Because that one happens to be flatly illegal. Look, the facts are out there. It is time for an independent investigation.

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